VERBUND posts Managing Board positions

At a meeting on 14 December 2012 and at the suggestion of VERBUND Supervisory Board Chairman Gilbert Frizberg, the Supervisory Board and the Supervisory Board's nomination committee decided to post four Managing Board positions, since all of the positions belonging to the current Managing Board members will expire on 31 December 2013.

The positions posted will include, among others, in addition to a chairman of the board, also a deputy chairman. The future responbilities of the Managing Board members will include, among others, Strategy, Finances, Electricity Generation, Power Trading, Power Sales, Human Resources, Marketing, Communication and Corporate Affairs.

Gilbert Frizberg says: "The new posting is indispensable due to the expiration of all existing positions. In the face of the challenges for the Group it es also necessary to post the positions at the beginning of 2013. We are convinced that, by mid-2013, we will again be able to fill all positions will excellent experts."

An appointment period is envisaged from 1 January 2014 until December 2018. The public announcement of the positions will take place in January 2013.

Current VERBUND Managing Board members are:
Wolfgang Anzengruber, CEO, CFO (2009-2013)
Johann Sereinig, Deputy General Director, Sales/Trading (2009-2013)
Ulrike Baumgartner-Gabitzer, Board Member, Hydropower, Transmission Grid (2011-2013)
Günther Rabensteiner, Board Member, International Investments, Thermal Power (2011-2013)

In case of questions please contact:
VERBUND AG, Office of the Supervisory Board Chairman
Dr Gilbert Frizberg, Chairman of the Supervisory Board
Tel. +43 (0) 50 313-53793
mailto:hermine.pachovsky@verbund.com